Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Student Athletes Beware: March Madness Gambling Has Serious Consequences
Author: Scarinci Hollenbeck, LLC
Date: March 13, 2013
Key Contacts
Back
Student Athletes joining in on a campus pool for March Madness is harmless fun, right? Don’t bet on it!
The chance to earn a little money through March Madness gambling brackets and betting pools may be enticing and seemingly harmless to student athletes. However, many may not be aware that small “friendly wagers” constitute a violation of sports law and the provisions that govern gambling.
The National Collegiate Athletic Association monitors gambling among student athletes very closely during March Madness, and committing NCAA violations by gambling can reap serious consequences for otherwise stellar student athletes. This includes making bets through a bookmaker, the internet or any other method utilized by organized gambling, or giving information to another individual to make bets.
Athletes should keep in mind that while NCAA laws do not expressly prohibit athletes from filling out the typical team bracket sheet, it does fall into the gambling (and therefore illegal) category when money is paid to enter the pool and prizes of any nominal value are given. The simple rule to remember is that if the contest requires an entry fee and can result in winning a prize, then chances are it is considered to be sports wagering and is prohibited. Entry fees and/or prizes come in many “shapes and sizes” but typically involve something of value in either case. There are many contests that are free to enter but offer a prize. There are also contests that charge a fee, but result in no prize. These are permissible contests that should not jeopardize your eligibility as a NCAA student-athlete.
Those who are found to be in violation of NCAA law can face a number of punishments which may include indefinite suspension from a team or expulsion from school, both of which may jeopardize students from being drafted into professional sports leagues. In addition, players may also be banned from professional sports and, in serious cases, face jail time.
- Industries: Entertainment & Media
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
When a Child Turns 18: The Gap in Your Family’s Estate Plan
Once a child turns 18, parents lose the automatic legal authority to make medical and financial decisions on their behalf, even if the child still lives at home or remains on the family’s insurance. Three documents close that gap: a durable power of attorney, a health care proxy or directive, and a HIPAA authorization. For […]
Author: George McGowan
Business Mediation: An Overview and Practical Tips
Business mediation is a confidential, voluntary process in which a neutral third party helps companies negotiate a resolution to a commercial dispute without going to trial. Because working with a mediator is very different from litigating in the courtroom, it is important to understand how commercial mediation works, when it makes sense for your dispute, […]
Author: Paul Grossman
Top 5 Causes Leading to Construction Defect Litigation
The five most common causes of construction defect litigation are design defects, substandard materials, workmanship defects, code violations, and subsurface defects. Because these flaws can compromise a building’s integrity, functionality, or safety, they frequently lead to disputes involving multiple parties and high financial stakes. Key takeaways: What is Construction Defect Litigation? Construction litigation is complex, […]
Author: Paul Grossman
How to Protect Your New Jersey Business When Going through a Divorce
The most effective ways to protect your business in a divorce are put in place before one begins: a prenuptial or postnuptial agreement, clean separation of business and personal finances, and divorce contingencies built into your operating or buy-sell agreements. If divorce is already underway, the priorities shift to establishing how the business is classified […]
Author: Jay McDaniel
10 Common Issues in Franchise Disputes
The most common franchise disputes involve breach of contract, franchise termination and non-renewal, intellectual property rights, territorial encroachment, royalty and fee payments, franchisor support obligations, and violations of state franchise laws such as the New Jersey Franchise Practices Act. Franchisors and franchisees can often resolve these conflicts by providing written notice detailing the dispute and […]
Author: Paul Grossman
Reputational Risk and Legal Exposure: Why New Jersey Businesses Must Manage Them Together
New Jersey businesses must manage legal and reputational risk together because modern disputes play out on two fronts at once: the legal proceeding itself and the court of public opinion, where customers, employees, investors, and business partners often reach conclusions long before a judge or jury has had the opportunity to evaluate the facts. Success […]
Author: Sean M. Pena
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.